Program overview
The Rural Business Innovation Lab (RBIL) is a cohort-based, entrepreneurial development program aiming to redefine the false narrative of rural decline. RBIL will build a peer network dense with innovative ideas, professional expertise, and resources needed for underserved rural entrepreneurs to start and scale their businesses.
RBIL aims to expand our focus on rural innovation businesses in agriculture, ag tech, sustainability, construction, waste management, water reclamation, workforce development, diversity, equity, and inclusion. Our current industry focuses on accelerating and building resilience within the natural resource and new climate economy value-chain. RBIL has four main objectives:
- Develop a learning network among innovative rural Minnesota and Wisconsin entrepreneurs
- Provide 1-on-1 consulting to cohort members, equipping them with free professional resources to help them scale (such as business planning, grant writing, marketing, and access to capital)
- Create an innovative finance pipeline for rural entrepreneurs
- Utilize robust storytelling methods to highlight these entrepreneurs and empower their communities, generating positive media within the Upper Midwest and beyond
What do you get for participating?
- 8 months of free one-on-one consulting with weekly meetings
- Engaging educational workshops with industry leaders
- Access to industry experts and consultants
- A community of 8-12 entrepreneurial peers
RBIL supports entrepreneurs from all backgrounds, addressing unique challenges faced by BIPOC, women, veterans, and LGBTQ+ individuals in rural Minnesota. The aim is to provide equal access and promote culturally relevant business practices.
Interested in learning more about RBIL?
Check out our video and follow us on Instagram!
Cohort Two 2024
CEDA’s Rural Business Innovation Lab is proud to announce the selection of its second cohort, consisting of eleven companies.
This diverse group of businesses and organizations has been carefully chosen based on their alignment with the program’s criteria and their demonstrated interest in scaling and innovation. The selected participants are set to embark on an eight-month journey to accelerate their growth and drive positive change in rural areas.
The 2024 Rural Business Innovation Lab cohort consists of the following entities:
The cohort’s formation was a natural outcome, with applicants chosen based on their alignment with program goals and their potential for growth and innovation.
CEDA’s Rural Business Innovation Lab is committed to supporting rural entrepreneurs and fostering economic growth. With a focus on sustainability, climate change mitigation, and operational scalability, the program sets the stage for the participating businesses and nonprofits to thrive and make a lasting impact in their communities.
Cohort One 2023
CEDA’s Rural Business Innovation Lab is proud to announce the selection of its first cohort, consisting of eight companies, including two nonprofits.
This diverse group of businesses and organizations has been carefully chosen based on their alignment with the program’s criteria and their demonstrated interest in scaling and innovation. The selected participants are set to embark on an eight-month journey to accelerate their growth and drive positive change in rural areas.
The first Rural Business Innovation Lab cohort consists of the following entities:
Clear Water Nitrate Reduction
An environmental engineering and services company specializing in innovative conservation practices. Through research and development the company has been able to design technology that can decrease the amount of nitrogen in run-off water from farm lands.
Depot Studios
A nonprofit specializing in processing milkweed pods for garment insulation products. While the plant grows like a weed and is also a perennial, its use has an unbelievable potential. Depot Studios isn’t only focused on the environmental impact, but also has the mission to provide full time jobs to their community where a lot of the work can be very seasonal.
The cohort’s formation was a natural outcome, with applicants chosen based on their alignment with program goals and their potential for growth and innovation.
CEDA’s Rural Business Innovation Lab is committed to supporting rural entrepreneurs and fostering economic growth. With a focus on sustainability, climate change mitigation, and operational scalability, the program sets the stage for the participating businesses and nonprofits to thrive and make a lasting impact in their communities.
Consulting team
- Cameron Payne
- Lead Consultant
- cameron.payne@cedausa.com
- 304-941-6006
The Rural Business Innovation Lab is supported by the Minnesota Department of Employment and Economic Development and Compeer Financial.